Ineos licences PP processes to Russia’s ZAo Vostochnaya Neftechemicheskaya Company

13-Jul-12

INEOS Technologies has announced that is has licensed its Innovene G, Innovene S and Innovene PP processes to ZAO “VOSTOCHNAYA NEFTECHEMICHESKAYA COMPANY” (ZAO VNHK), a subsidiary of OJSC NK ROSNEFT for VNHK’s new petrochemical complex in Nakhodka Russian federation. This is a second award for INEOS Technologies by ROSNEFT companies. Thus JSC Angarsk Polymer Plant in Angarsk, Russian Federation selected Innovene S PE technology in 2010. All VNHK’s units will incorporate INEOS’ latest polymer technology advances. Engineering work is now underway. Peter Williams, CEO of INEOS Technologies, commented: “We are delighted that ROSNEFT’s subsidiary, one of the world’s leading oil and gas companies – following the results of bidding – has selected INEOS as for execution of Nakhodka petrochemical complex project. The combination of broad product coverage and excellent operability of the dual PE and PP platforms meets the requirements of both existing and future markets fully. We look forward to working with “VNHK” through engineering and construction to make the Nakhodka project a success.”